Schiller Jon 4

What Happened Jon Schiller, a director of Orange County Bancorp, received a derivative compensation award on April 1, 2026. The Form 4 reports an award (code A) with no specific share count disclosed (N/A) and a reported per‑share grant price/fair value of $32.32. This was an award of restricted stock units and phantom stock (derivative instruments), not an open‑market purchase or sale of common shares.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-02 (timely filing).
• Reported price/fair value: $32.32 per share-equivalent; number of units reported as N/A (not disclosed).
• Shares/units owned after the transaction: not specified in this filing.
• Footnotes:
  • F1: Includes restricted stock units that vest 100% on February 19, 2027 and are settled in company common stock upon the reporting person's separation from service.
  • F2: Phantom stock represents the economic equivalent of one share each and becomes payable upon the reporting person's separation of service as a director.
• This is a compensation grant (award) — a derivative grant that may convert to shares or cash in the future, not an immediate purchase or sale.

Context Derivative awards like RSUs and phantom stock are common forms of director compensation. They do not represent immediate freely tradable common shares; settlement and value realization depend on vesting and separation conditions described in the footnotes.